Regulations

US aerospace major Boeing has stripped CEO Dennis Muilenburg of his dual role as Chairman in an unexpected shake-up at the highest ranks of the company amid the prolonged crisis of its 737 MAX aircraft that has been globally grounded following two fatal crashes.   Boeing on Friday...
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The Madras High Court while admitting a Public Interest Litigation (PIL) filed by the Chennai Financial Markets and Accountability (CFMA) in the National Stock Exchange (NSE) co-location case and issued notices to the SEBI, the Ministry of Corporate Affairs (MCA), the CBI, Enforcement...
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Yester years they were: Madhavapura Bank in Gujarat, Krushi Bank and Charminar Bank in Andhra Pradesh and many small urban cooperative banks (UCBs) in other states.   Liquidators appointed by the state governments are still to sell the assets for more than two decades. The latest is...
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A recent survey conducted by the Reserve Bank of India (RBI) shows that the sentiment among the general public on the employment scenario in the country has declined significantly.   The perception on the economic situation has also weakened, showed the survey.   "Households'...
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Newer revelations on the Punjab and Maharashtra Cooperative Bank (PMC Bank) and releated entities continue to surprise depositors and investors. The latest is the mysterious audit firm Lakdawala & Co, which audited the Bank for FY18-19. Lakdawala & Co has audited PMC Bank and, in its report,...
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